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Evidence Guide: ICAICT604A - Identify and implement business innovation

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

ICAICT604A - Identify and implement business innovation

What evidence can you provide to prove your understanding of each of the following citeria?

Compare the business with competitor businesses

  1. Investigate information on business markets, customers and methods of doing business
  2. Analyse and compare the current market for the business and the customer base with typical business markets and customers
  3. Analyse and contrast current business relationships, business processes and methods of doing business with e-facilitated businesses
Investigate information on business markets, customers and methods of doing business

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and compare the current market for the business and the customer base with typical business markets and customers

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and contrast current business relationships, business processes and methods of doing business with e-facilitated businesses

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify business opportunities for innovation and reform

  1. Investigate innovation and reform of aspects of the business through business strategies
  2. Assess opportunities for their compatibility with business goals and objectives, and conduct a cost-benefit analysis for each
  3. Evaluate the degree of likely change and the ramifications for the business and its culture for each opportunity
  4. Conduct a risk management analysis and formulate a plan for dealing with contingencies according to organisational requirements
  5. Rank opportunities in terms of their viability and applicability to the organisation
  6. 2.6 Include opportunities for innovation in the organisation's business strategy and prioritise them for implementation
Investigate innovation and reform of aspects of the business through business strategies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess opportunities for their compatibility with business goals and objectives, and conduct a cost-benefit analysis for each

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate the degree of likely change and the ramifications for the business and its culture for each opportunity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct a risk management analysis and formulate a plan for dealing with contingencies according to organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Rank opportunities in terms of their viability and applicability to the organisation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

2.6 Include opportunities for innovation in the organisation's business strategy and prioritise them for implementation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement innovation

  1. 3.1 Redesign aspects of the business in an innovative manner using online technologies according to the organisation's business strategy
  2. Integrate innovation into the business and monitor to gauge usefulness and maximise implementation
  3. Review business innovation in consultation with users and make recommendations for improvement or further innovation
3.1 Redesign aspects of the business in an innovative manner using online technologies according to the organisation's business strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Integrate innovation into the business and monitor to gauge usefulness and maximise implementation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review business innovation in consultation with users and make recommendations for improvement or further innovation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to:

explain the organisation’s strategic directions

develop innovations to assist the business

produce a cost-benefit analysis of suggested innovations

develop an implementation plan for such innovations.

Context of and specific resources for assessment

Assessment must ensure access to:

a range of business documents covering vision, mission statements and strategic directions

site where business opportunities for innovation may be implemented.

Where applicable, physical resources should include equipment modified for people with special needs.

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:

review of candidate’s written reports outlining:

number of business innovations

cost-benefit analysis and recommendations

evaluation of candidate’s project plan to implement an innovation

verbal and written questioning to determine candidate’s knowledge of:

organisation’s strategic directions

cost-benefit analysis.

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, where appropriate.

Assessment processes and techniques must be culturally appropriate, and suitable to the communication skill level, language, literacy and numeracy capacity of the candidate and the work being performed.

Indigenous people and other people from a non-English speaking background may need additional support.

In cases where practical assessment is used it should be combined with targeted questioning to assess required knowledge.

Required Skills and Knowledge

Required skills

analytical skills to evaluate opportunities

communication skills to liaise with management, technical staff and end users of an organisation

initiative and enterprise skills to plan innovations in line with business strategies

literacy skills to produce reports and proposals

numeracy skills to produce a cost-benefit analysis

planning and organisational skills to plan a strategy to be implemented over time

research skills to identify appropriate technologies to fit with an organisation’s requirements.

Required knowledge

culture of the business versus traditional business models

internal and external sources of information

legal, ethical and security issues relating to business strategies

records-management principles

relevant legislation from levels of government that effect business operation, especially regarding OHS and environmental issues, equal opportunity, industrial relations and anti-discrimination

structure of the business.

Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Aspects of the business may include:

customer service

delivery of core services

delivery of products

market development

product development.